selected financial data

(dollars in millions, except per share amounts)

 

2011

 

2010

 

2009

 

2008

 

2007

Results of Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenues

$

110,875

 

$

106,565

 

$

107,808

 

$

97,354

 

$

93,469

Operating income

 

12,880

 

 

14,645

 

 

15,978

 

 

2,612

 

 

17,816

Income (loss) before discontinued operations

and extraordinary item attributable to Verizon

 

2,404

 

 

2,549

 

 

4,894

 

 

(2,193

)

 

7,201

Per common share – basic

 

.85

 

 

.90

 

 

1.72

 

 

(.77

)

 

2.48

Per common share – diluted

 

.85

 

 

.90

 

 

1.72

 

 

(.77

)

 

2.48

Net income (loss) attributable to Verizon

 

2,404

 

 

2,549

 

 

4,894

 

 

(2,193

)

 

7,212

Per common share – basic

 

.85

 

 

.90

 

 

1.72

 

 

(.77

)

 

2.49

Per common share – diluted

 

.85

 

 

.90

 

 

1.72

 

 

(.77

)

 

2.49

Cash dividends declared per common share

 

1.975

 

 

1.925

 

 

1.870

 

 

1.780

 

 

1.670

Net income attributable to noncontrolling interest

 

7,794

 

 

7,668

 

 

6,707

 

 

6,155

 

 

5,053

 

Financial Position

Total assets

$

230,461

 

$

220,005

 

$

226,907

 

$

202,185

 

$

186,942

Debt maturing within one year

 

4,849

 

 

7,542

 

 

7,205

 

 

4,993

 

 

2,954

Long-term debt

 

50,303

 

 

45,252

 

 

55,051

 

 

46,959

 

 

28,203

Employee benefit obligations

 

32,957

 

 

28,164

 

 

32,622

 

 

32,512

 

 

29,960

Noncontrolling interest

 

49,938

 

 

48,343

 

 

42,761

 

 

37,199

 

 

32,266

Equity attributable to Verizon

 

35,970

 

 

38,569

 

 

41,382

 

 

41,592

 

 

50,580

Stock Performance Graph

Comparison of Five-Year Total Return Among Verizon, S&P 500 Telecommunications Services Index and S&P 500 Stock Index
Stock Performance Chart

Data Points in Dollars

At December 31,

2006

2007

2008

2009

2010

2011

Verizon

100.0

122.1

100.0

103.9

127.9

151.3

S&P 500 Telecom Services

100.0

111.9

77.8

84.7

100.8

107.3

S&P 500

100.0

105.5

66.5

84.1

96.7

98.8

The graph compares the cumulative total returns of Verizon, the S&P 500 Telecommunications Services Index, and the S&P 500 Stock Index over a five-year period. It assumes $100 was invested on December 31, 2006 with dividends (including the value of each respective spin-off) being reinvested.